"And there it is!"
In simple terms, it means "Tadaa!", "Look at this!", or "It's done!", basically.
Of course, it could mean many more things, like anything in any language - all depends on the context.
It just got butchered & simplified by popular media, specifically American, just like most words & phrases.
Et Voila ! (technically speaking: "Et voilà!")
It means "And there it is!" or any similar saying.
Ofc, this is not a place for truthful information.
Neither is Facebook/Instagram, Twitter(nobody calls it X - GTFO), TikTok, Google/Youtube
... neither is Wikipedia(although resourceful & probably more reliable than any above)
Check your sources. Trust your instincts.
Practice common sense 🧠